P E N N S Y L V A N I A   B A N K E R S   A S S O C I A T I O N A Provider of AIB Products Truth in Lending (Reg Z)
Course Description: Truth in Lending Act - Regulation Z gives students key actions required to be in compliance with Regulation Z. Students begin the course by learning about the conditions that led to the enactment of Regulation Z. Students learn how to explain the annual percentage rate to customers. The course provides specific disclosure requirements for both open-end and closed-end types of credit, as well as the additional requirements for home related loans. Students are introduced to the rescission period—how it works and who is entitled to this provision. The course also covers how Regulation Z is enforced, and the penalties for non-compliance with Regulation Z. Audience: Bank personnel involved in the lending process, including mortgage, consumer and small business lenders, loan processors and loan servicers. Learning Objectives: After successfully completing this program, you will be able to:   • Describe the types of loans covered by Regulation Z   • Answer customer questions about annual percentage rate   • Describe different types of disclosure requirements   • Explain the right of rescission Course Credits: AIB: 0.25 ; ICB: 1.5 CPB Prerequisites: None Required Software: None Optional Software: Adobe Acrobat Reader and RealPlayer Cost: Members $55   •   NonMembers $75       Forms Page ... Registration ... Requests ... Withdrawal PBA Contact: Jackie Catalano • (717) 255-6939 • jCatalano@paBanker.com
This educational opportunity is brought to you by Pennsylvania Bankers Association